Krilogy Financial LLC Invests $640,000 in Marathon Petroleum Corporation $MPC

Krilogy Financial LLC purchased a new position in Marathon Petroleum Corporation (NYSE:MPC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,437 shares of the oil and gas company’s stock, valued at approximately $640,000.

Several other hedge funds have also bought and sold shares of MPC. Vanguard Group Inc. increased its stake in shares of Marathon Petroleum by 11.2% during the second quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock valued at $6,456,049,000 after purchasing an additional 3,924,713 shares in the last quarter. Norges Bank purchased a new stake in shares of Marathon Petroleum in the 2nd quarter worth approximately $527,197,000. Geode Capital Management LLC increased its position in Marathon Petroleum by 14.8% during the 2nd quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock valued at $1,325,598,000 after buying an additional 1,033,645 shares in the last quarter. Boston Partners raised its stake in Marathon Petroleum by 13.1% during the second quarter. Boston Partners now owns 6,163,737 shares of the oil and gas company’s stock valued at $1,024,395,000 after buying an additional 715,223 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in Marathon Petroleum by 27,979.8% in the second quarter. Balyasny Asset Management L.P. now owns 659,595 shares of the oil and gas company’s stock worth $109,565,000 after acquiring an additional 657,246 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Price Performance

Shares of MPC opened at $203.33 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The company has a 50 day moving average price of $178.84 and a 200-day moving average price of $182.13. Marathon Petroleum Corporation has a fifty-two week low of $115.10 and a fifty-two week high of $210.32. The stock has a market capitalization of $61.12 billion, a PE ratio of 15.23, a PEG ratio of 1.34 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $35.10 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. Marathon Petroleum’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Equities analysts predict that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.0%. Marathon Petroleum’s payout ratio is presently 29.96%.

Analysts Set New Price Targets

MPC has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on shares of Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. UBS Group reaffirmed a “buy” rating and set a $221.00 price objective on shares of Marathon Petroleum in a research report on Friday, February 6th. Wall Street Zen downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Raymond James Financial increased their price objective on shares of Marathon Petroleum from $205.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, Jefferies Financial Group lowered their price objective on shares of Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $202.19.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.